The recent real estate roller coaster is finally heading in the buyer's favor.
After the report against the report on the nationwide housing shortage, the tide has finally turned: According to last month's data, active listings across the United States Inventories have further increased over 30% since 2021, the highest rate of growth ever.
This is according to Realtor.com's July Housing Market Trends report, which further notes that July marked an unprecedented rate of inventory growth for his third straight month. I found that it was recorded in
"Nationally, the inventory of homes actively for sale on a typical day in July increased 30.7% over the past year, the highest in data history. It was the largest increase in inventories and higher than last month's growth rate of 18.7%, which itself was a record-breaker," noted the July report. In terms of listings, this means that when a potential buyer searched last month, he saw 176,000 more homes than in 2021.
These developments since September 2019 indicate that the housing market "continues to move in a more balanced manner" and consumers have more options at their disposal, the report said.
"More inventory will give buyers more bargaining power," Realtor chief his economist Daniel Hale told Bloomberg. said. home owner. "Two years in a market that has tilted heavily in the favor of sellers seems to be in the rear-view mirror." In line with the median price: The median nationwide list price in June was $449,000, up 17% from 2021 and the closest. Bloomberg reported that it has reached an all-time high.
Rising mortgage rates have also had a major impact on the market recently, cooling the market.
